DATA
from container tracking service provider Container xChange indicates ports in
Shanghai for the week ending October 22 faced a shortage of FEUs not seen since
January 2019, reported Beijing financial newsite Caixin.
The
service provider's weekly Container Availability Index for the Shanghai
region fell to 0.05 for the week. A number above 0.5 indicates a surplus while
a number below 0.5 suggests a deficit.
The
availability of containers in Shanghai peaked in February amid the outbreak of
Covid in China, but supply has tightened since March after the country
gradually recovered from Covid lockdowns. A similar pattern has also played out
in other seaports, including Ningbo and Dalian.
Distribution
problems have even induced shippers to use reefer containers or even
transporting empty containers to where they are most needed, a Maersk man said.
Source
: HKSG / Photo : Norman Global Logistics.
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